LEGAL AND REGULATORY ASPECTS OF BANKING (LRAB) 

Unit - 23: Central Registry 


​​Legal & Regulatory Aspects of Banking - 

Unit - 23 : Central Registry .
The Central government is authorised to set up a Central Registry by issue of notification from such date as may be specified in the notification for the purpose of registration .

Under SARFAESI Act , filing of details of transactions of securitisation, reconstruction and  the creation of security interest is required to be filed with the central registrar. 

Every transaction creation/modification/ satisfaction of Charges has to be registered with CERSAI( Central Registry of Securitization Asset Reconstruction and Security Interest) within 30 days from the date of creation

In case if any delay, Registrar of CERSAI may allow filing the particulars  within further 30 days from the expiry of the first 30 days . 

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